Hunan Zhongke Electric Balance Sheet Health
Financial Health criteria checks 5/6
Hunan Zhongke Electric has a total shareholder equity of CN¥5.1B and total debt of CN¥2.7B, which brings its debt-to-equity ratio to 53.1%. Its total assets and total liabilities are CN¥10.7B and CN¥5.7B respectively. Hunan Zhongke Electric's EBIT is CN¥428.4M making its interest coverage ratio -35.2. It has cash and short-term investments of CN¥951.9M.
Key information
53.1%
Debt to equity ratio
CN¥2.69b
Debt
Interest coverage ratio | -35.2x |
Cash | CN¥951.92m |
Equity | CN¥5.07b |
Total liabilities | CN¥5.65b |
Total assets | CN¥10.72b |
Financial Position Analysis
Short Term Liabilities: 300035's short term assets (CN¥5.7B) exceed its short term liabilities (CN¥3.5B).
Long Term Liabilities: 300035's short term assets (CN¥5.7B) exceed its long term liabilities (CN¥2.1B).
Debt to Equity History and Analysis
Debt Level: 300035's net debt to equity ratio (34.3%) is considered satisfactory.
Reducing Debt: 300035's debt to equity ratio has increased from 29% to 53.1% over the past 5 years.
Debt Coverage: 300035's debt is well covered by operating cash flow (34.6%).
Interest Coverage: 300035 earns more interest than it pays, so coverage of interest payments is not a concern.